Examples of JMB LP in a sentence
The Upper Tier Limited Partnership and JMB LP, as a partner therein, shall be entitled to confer with such accountants concerning all tax matters.
The Limited Partners, the Upper Tier Limited Partnership (as a partner in the Limited Partners) and JMB LP (as a partner in the Upper Tier Limited Partnership) shall be entitled to confer with such accountants concerning all tax matters.
The Partners hereby agree that, to the extent that the Non-Managing Partner and JMB LP elect to invest for their entire 26% entitlement and the Partnership is to be the Future Development Entity, each of the Partners shall invest therein for such portion in accordance with their respective Percentage Interests.
As of the date hereof and immediately after the contribution of the Contributed Assets to the Partnership, the Managing Partner hereby purchases 1 Unit from the Non-Managing Partner and St. Joe Xxvelopment hereby purchases 73 Units from JMB LP for the aggregate cash purchase price of .
Pursuant to the Act, the Non-Managing Partner and JMB LP have formed a limited partnership under the laws of the State of Delaware by filing the Certificate with the Delaware Secretary of State and otherwise complying with the requirements of the Act for the formation of limited partnerships.
Once the Arbitrators with respect to such arbitration determine the Call Price, the Managing Partner shall promptly pay the Call Price to the Non-Managing Partner and JMB LP, or their respective successors or assigns, (prorated based on their respective Percentage Interests), together with interest thereon from the Call Transfer Date to the date of such payment at the Applicable Rate, such payment to be made in cash.
Xxe Partnership shall be responsible for funding the remaining 25% of the Development Costs to be borne by the Partners in their respective Percentage Interests at the time of funding (i.e. 74% to be charged to the Capital Accounts of the Managing Partner and St. Joe Xxxelopment (or 18.5% of the total Development Costs) and 26% to be charged to the Capital Accounts of the Non-Managing Partner and JMB LP (or 6.5% of the total Development Costs), subject to adjustment as provided in Section 3.3).
The Partnership Interests of the Non-Managing Partner and JMB LP, and their respective successors or assigns, shall be deemed transferred hereunder as of the Call Transfer Date and the Non-Managing Partner and JMB LP agree to deliver appropriate assignment documentation as determined by the Managing Partner.
Each of the Debtors will merge with and into the Upper Tier Limited Partnership pursuant to the Merger Agreement and Building Corp., Equityco and JMB LP will receive, respectively, two and six tenths percent (2.6%), forty nine and nine tenths percent (49.9%), and forty six and five tenths percent (46.5%) limited partnership interests therein.
Xxxxxx Xxxephone: (904) 000-0000 Xxxsimile: (904) 000-0000 Xx Non-Managing Partner and JMB LP: c/o JMB Southeast Development, LLC 900 Xxxxx Xxxxxxxx Xxxxxx, Xxxxx 0000 Xxxxxxx, Xxxxxxxx 00000 Xxxention: Stepxxx X.